Usha Martin shareholders and shareholding pattern

NSE: USHAMARTBSE: 517146Industrial ProductsSmall Cap

Formerly Usha Beltron

₹460.05₹6.35 (1.36%)BSE ₹460.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹466.40.

52-week range of traded prices to 23 Oct 2026

₹380.00Low, 23 Mar 2026₹542.60High, 21 Sep 2026

Market cap: ₹14,020 Cr467th largest listed
P/E: 27.7
P/B: 4.2
Dividend yield: 0.82%
ROE: 16.8%
ROCE: 18.8%
Debt to equity: 0.04
Volume, NSE: 5,20,02652.8% delivered

Who owns Usha Martin, filing by filing

Per cent of all the company's shares, counting those held against depositary receipts traded abroad where a filing has them. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters39.48%
Foreign institutions15.11%
Indian institutions17.07%
GovernmentsNone
Individuals and others26.71%
Employee trusts0.11%
Depositary receipts1.52%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others
Employee trusts
Depositary receipts

Per cent	Dec 2016Filed 16 Jan	Mar 2017Filed 9 May	Jun 2017Filed 12 Jul	Sep 2017Filed 18 Oct	Dec 2017Filed 9 Jan	Mar 2018Filed 18 Apr	Jun 2018Filed 18 Jul	Sep 2018Filed 13 Oct	Dec 2018Filed 4 Jan	Mar 2019Filed 18 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 31 Oct	Dec 2019Filed 14 Jan	Mar 2020Filed 12 May	Jun 2020Filed 15 Jul	Sep 2020Filed 12 Oct	Dec 2020Filed 13 Jan	Mar 2021Filed 15 Apr	Jun 2021Filed 12 Jul	Sep 2021Filed 8 Oct	Dec 2021Filed 10 Jan	Mar 2022Filed 6 Apr	Jun 2022Filed 16 Jul	Sep 2022Filed 17 Oct	Dec 2022Filed 6 Jan	Mar 2023Filed 7 Apr	Jun 2023Filed 13 Jul	Sep 2023Filed 11 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 8 Apr	Jun 2024Filed 20 Jul	Sep 2024Filed 19 Oct	Dec 2024Filed 21 Jan	Mar 2025Filed 18 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 20 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 21 Oct
	49.88%	49.88%	49.88%	49.88%	49.88%	49.88%	49.88%	49.88%	49.88%	49.88%	49.15%	49.43%	49.44%	51.66%	52.71%	52.03%	51.01%	50.10%	49.74%	49.37%	49.04%	48.51%	48.30%	47.96%	47.57%	47.53%	47.15%	46.79%	46.69%	45.35%	44.42%	42.88%	42.82%	43.23%	41.80%	41.13%	39.90%	39.90%	39.67%	39.48%
Indian promoters	30.33%	30.33%	30.33%	30.33%	30.33%	30.33%	30.33%	30.33%	30.33%	30.33%	30.28%	30.56%	30.58%	33.25%	34.38%	35.44%	35.90%	35.66%	35.66%	35.65%	35.65%	35.65%	35.74%	35.81%	35.81%	35.81%	35.31%	35.41%	35.30%	33.39%	32.49%	31.24%	30.25%	30.65%	29.83%	28.84%	28.88%	28.88%	28.86%	28.85%
Foreign promoters	19.55%	19.55%	19.55%	19.55%	19.55%	19.55%	19.55%	19.55%	19.55%	19.55%	18.87%	18.87%	18.86%	18.41%	18.33%	16.59%	15.11%	14.44%	14.08%	13.72%	13.38%	12.86%	12.56%	12.15%	11.76%	11.73%	11.85%	11.39%	11.39%	11.96%	11.93%	11.65%	12.57%	12.57%	11.97%	12.28%	11.02%	11.02%	10.81%	10.63%
	46.16%	47.39%	48.21%	48.58%	48.58%	48.58%	48.58%	48.58%	48.58%	48.58%	49.31%	49.03%	49.02%	46.82%	45.77%	46.46%	47.47%	48.38%	48.75%	49.11%	49.45%	49.97%	50.18%	50.52%	50.92%	50.95%	51.33%	51.69%	51.79%	53.14%	54.06%	55.60%	55.67%	55.19%	56.62%	57.30%	58.47%	58.47%	58.70%	58.89%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8.76%	8.69%	9.35%	9.15%	11.85%	12.74%	14.56%	13.97%	14.39%	14.08%	14.04%	14.07%	13.93%	14.40%	14.54%	14.87%	15.11%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8.57%	8.49%	9.14%	8.95%	11.65%	12.48%	14.24%	13.62%	13.97%	13.72%	13.68%	13.84%	13.68%	14.10%	14.25%	14.30%	14.67%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.19%	0.20%	0.21%	0.20%	0.20%	0.26%	0.32%	0.36%	0.42%	0.35%	0.36%	0.23%	0.25%	0.30%	0.29%	0.57%	0.44%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Foreign & colonial emerging mkt ltd a/c	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.83%	2.12%	3.43%	3.87%	3.46%	3.73%	5.00%	7.33%	8.02%	9.12%	10.89%	12.10%	13.90%	14.59%	15.02%	17.07%
Mutual funds	0.46%	0.03%	Under 0.01%	Under 0.01%	0.09%	0.04%	0.05%	0.01%	0.01%	0.04%	0.12%	0.11%	0.58%	0.10%	0.52%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.77%	2.08%	3.33%	3.75%	3.35%	3.49%	4.69%	6.84%	7.21%	8.23%	10.29%	10.73%	11.99%	12.27%	11.95%	13.99%
Insurance companies	2.76%	2.76%	2.76%	2.76%	2.76%	2.62%	2.49%	1.05%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	0.35%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.04%	0.04%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.03%	0.04%	0.05%	0.04%	0.03%	0.03%	0.09%	0.13%	0.17%	0.15%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.05%	0.05%	0.05%	0.05%	0.09%	0.26%	0.57%	0.66%	0.40%	1.16%	1.65%	2.00%	2.54%	2.85%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.03%	0.05%	0.06%	0.07%	0.18%	0.18%	0.20%	0.19%	0.18%	0.18%	0.18%	0.18%	0.18%	0.36%	0.08%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.00%	–	–	–	–	–	–
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.00%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	41.72%	41.40%	39.49%	38.75%	35.97%	35.58%	34.85%	35.08%	33.88%	33.57%	32.04%	31.65%	31.26%	30.17%	29.34%	28.81%	26.71%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	15.75%	15.46%	14.65%	14.41%	13.77%	13.74%	14.28%	14.98%	15.19%	15.96%	14.94%	14.34%	13.61%	13.35%	12.97%	13.36%	12.85%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8.64%	8.49%	8.11%	7.81%	7.16%	6.99%	5.79%	5.44%	3.85%	3.40%	3.04%	3.02%	2.76%	2.90%	2.69%	2.44%	1.99%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.97%	14.14%	13.71%	13.46%	11.83%	12.39%	12.34%	12.24%	12.49%	11.63%	11.64%	11.94%	12.57%	11.53%	11.32%	10.66%	9.55%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.59%	0.65%	0.68%	0.68%	0.74%	0.66%	0.65%	0.71%	0.73%	0.97%	0.90%	0.87%	0.86%	0.87%	0.87%	0.87%	0.85%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.39%	0.39%	0.39%	0.39%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.38%	0.37%	0.37%	0.37%	0.37%	0.37%
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.40%	2.28%	1.95%	1.99%	2.09%	1.41%	1.40%	1.33%	1.25%	1.23%	1.14%	1.11%	1.10%	1.16%	1.12%	1.11%	1.09%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.93%	1.79%	1.58%	1.62%	1.42%	1.37%	1.40%	1.31%	1.24%	1.22%	1.13%	1.10%	1.09%	1.15%	1.12%	1.10%	1.09%
Foreign Portfolio Investor (Category - III)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.45%	0.48%	0.36%	0.36%	0.66%	0.04%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Employee trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.06%	0.06%	0.11%	0.11%	0.11%	0.11%
Depositary receipts	3.97%	2.74%	1.92%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.54%	1.54%	1.54%	1.54%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%
Promoter shares pledgedShare of the promoters' own shares	52.13%	52.13%	52.13%	52.13%	52.13%	52.13%	52.13%	52.13%	52.13%	52.13%	52.90%	52.60%	52.59%	50.33%	49.33%	49.97%	50.97%	51.90%	52.27%	52.66%	53.02%	53.59%	53.83%	54.21%	54.66%	54.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Shares in issue	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,41,780	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010	30,47,42,010
Shares underlying depositary receipts	1,20,89,970	83,39,970	58,39,970	47,09,370	47,09,370	47,09,370	47,09,370	47,09,370	47,09,370	46,96,870	46,96,870	46,96,870	46,96,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870	46,21,870

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Usha Martin shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 16 Jan	Mar 2017Filed 9 May	Jun 2017Filed 12 Jul	Sep 2017Filed 18 Oct	Dec 2017Filed 9 Jan	Mar 2018Filed 18 Apr	Jun 2018Filed 18 Jul	Sep 2018Filed 13 Oct	Dec 2018Filed 4 Jan	Mar 2019Filed 18 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 31 Oct	Dec 2019Filed 14 Jan	Mar 2020Filed 12 May	Jun 2020Filed 15 Jul	Sep 2020Filed 12 Oct	Dec 2020Filed 13 Jan	Mar 2021Filed 15 Apr	Jun 2021Filed 12 Jul	Sep 2021Filed 8 Oct	Dec 2021Filed 10 Jan	Mar 2022Filed 6 Apr	Jun 2022Filed 16 Jul	Sep 2022Filed 17 Oct	Dec 2022Filed 6 Jan	Mar 2023Filed 7 Apr	Jun 2023Filed 13 Jul	Sep 2023Filed 11 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 8 Apr	Jun 2024Filed 20 Jul	Sep 2024Filed 19 Oct	Dec 2024Filed 21 Jan	Mar 2025Filed 18 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 20 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 21 Oct
All shareholders	51,474	51,661	51,970	51,307	51,963	57,554	53,245	49,567	46,694	44,657	44,451	44,464	43,110	43,373	45,232	43,730	43,697	49,394	68,330	63,379	65,074	62,397	65,584	66,901	66,047	66,393	71,454	76,482	81,195	85,447	1,00,100	1,11,193	1,50,403	1,18,564	1,14,349	1,04,821	1,04,397	1,01,177	1,04,425	1,07,845
	24	24	24	24	24	24	24	24	24	24	24	24	24	25	25	25	25	19	19	19	19	19	19	19	19	19	19	19	19	17	18	18	18	19	19	19	19	19	19	19
Indian promoters	19	19	19	19	19	19	19	19	19	19	19	19	19	20	20	20	20	17	17	17	17	17	17	17	17	17	15	15	15	12	12	12	11	12	12	11	12	12	12	12
Foreign promoters	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	2	2	2	2	2	2	2	2	2	4	4	4	5	6	6	7	7	7	8	7	7	7	7
	51,449	51,636	51,945	51,282	51,938	57,529	53,220	49,542	46,669	44,632	44,426	44,439	43,085	43,347	45,206	43,704	43,671	49,374	68,310	63,359	65,054	62,377	65,564	66,881	66,027	66,373	71,434	76,462	81,175	85,429	1,00,081	1,11,174	1,50,384	1,18,543	1,14,328	1,04,800	1,04,376	1,01,156	1,04,404	1,07,824
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	63	69	80	86	108	112	116	122	121	122	120	119	115	123	130	141	151
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	59	64	74	80	103	103	105	109	106	107	105	105	100	107	114	123	136
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	5	6	6	5	9	10	12	14	14	14	13	14	15	15	17	14
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1
Foreign & colonial emerging mkt ltd a/c	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	12	14	13	16	15	23	26	29	37	35	39	37	41	51	53	64	61
Mutual funds	9	8	3	7	10	10	10	6	5	5	5	5	5	5	5	5	5	5	5	5	4	4	4	4	5	5	7	7	14	15	15	19	18	21	21	22	24	24	26	26
Insurance companies	3	3	3	3	3	3	3	2	2	2	2	2	2	2	2	2	1	1	1	1	1	1	1	1	1	0	0	0	0	2	2	2	2	3	2	2	8	8	9	9
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	1	1	1	1	1	1	3	8	7	7	6	9	11	12	19	18
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	3	2	3	3	4	3	3	3	3	3	3	4	5	3
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	1	0	–	–	–	–	–	–
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	1	0	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	66,806	65,944	66,280	71,332	76,339	81,040	85,287	99,930	1,11,016	1,50,226	1,18,384	1,14,172	1,04,644	1,04,202	1,00,973	1,04,199	1,07,612
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	64,188	63,206	63,500	68,366	73,305	77,914	81,853	95,054	1,05,444	1,43,696	1,12,474	1,08,305	99,037	98,324	95,091	97,913	1,01,178
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	47	50	49	48	42	43	35	36	26	24	23	23	22	23	21	20	17
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	528	550	554	597	594	641	688	985	1,124	1,247	1,216	1,162	1,135	1,147	1,123	1,153	1,151
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	813	901	982	1,080	1,178	1,211	1,392	2,216	2,576	3,123	2,793	2,805	2,753	2,953	3,037	3,348	3,446
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Relatives of promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,227	1,234	1,192	1,237	1,217	1,228	1,316	1,636	1,843	2,133	1,875	1,874	1,694	1,752	1,698	1,762	1,817
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	1	1	1	1	5	4	11	9	9	6	7	6	5	6
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,142	1,136	1,125	1,184	1,177	1,220	1,309	1,623	1,831	2,113	1,859	1,857	1,683	1,740	1,687	1,752	1,806
Foreign Portfolio Investor (Category - III)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	4	4	3	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	81	93	63	48	36	7	6	7	7	8	6	7	4	4	4	4	4
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1
Employee trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1

Usha Martin promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is UMIL SHARE AND STOCK BROKING SERVICES LTD, 13.27%. The filing names 8 more members with no shares.Promoter buying and selling

Holder
UMIL SHARE AND STOCK BROKING SERVICES LTDIndian companies, trusts and others	13.27%	4,04,47,000
KENWYN OVERSEAS LIMITEDForeign companies and others	7.93%	2,41,79,805
USHA MARTIN VENTURES LIMITEDIndian companies, trusts and others	6.11%	1,86,25,088
NEUTRAL PUBLISHING HOUSE LIMITEDIndian companies, trusts and others	4.71%	1,43,43,629
BRIJ INVESTMENTS PVT LTDIndian companies, trusts and others	2.03%	62,00,000
RAJEEV JHAWARIndividuals and Hindu undivided families	1.37%	41,78,000
PETERHOUSE INVESTMENTS LIMITEDForeign companies and others	0.98%	29,78,455
SUSMITA JHAWARNon-resident and foreign individuals	0.56%	17,00,000
PETERHOUSE INVESTMENTS INDIA LIMITEDIndian companies, trusts and others	0.56%	16,95,713
RAJEEV JHAWAR - TRUSTEE OF BRIJ FAMILY TRUSTIndian companies, trusts and others	0.49%	14,85,000
STUTI JHAWARNon-resident and foreign individuals	0.43%	13,16,000
AMISHA JHAWARNon-resident and foreign individuals	0.39%	12,00,000
SHREYA JHAWARNon-resident and foreign individuals	0.33%	10,13,500
PRAJEEV INVESTMENTS LIMITEDIndian companies, trusts and others	0.21%	6,32,000
NIDHI RAJGARHIAIndividuals and Hindu undivided families	0.07%	2,17,000
MADHUSHREE GOENKAIndividuals and Hindu undivided families	0.02%	49,460
AKSHAY GOENKAIndividuals and Hindu undivided families	0.01%	37,210
VINEETA ADITYAKUMAR RUIAIndividuals and Hindu undivided families	0.01%	21,000
PRASHANT JHAWARNon-resident and foreign individuals	0.00%	322

No promoter shares are reported as pledged.

Largest public holders of Usha Martin, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Usha Martin

Holder	Dec 2016Filed 16 Jan	Mar 2017Filed 9 May	Jun 2017Filed 12 Jul	Sep 2017Filed 18 Oct	Dec 2017Filed 9 Jan	Mar 2018Filed 18 Apr	Jun 2018Filed 18 Jul	Sep 2018Filed 13 Oct	Dec 2018Filed 4 Jan	Mar 2019Filed 18 Apr	Jun 2019Filed 20 Jul	Sep 2019Filed 31 Oct	Dec 2019Filed 14 Jan	Mar 2020Filed 12 May	Jun 2020Filed 15 Jul	Sep 2020Filed 12 Oct	Dec 2020Filed 13 Jan	Mar 2021Filed 15 Apr	Jun 2021Filed 12 Jul	Sep 2021Filed 8 Oct	Dec 2021Filed 10 Jan	Mar 2022Filed 6 Apr	Jun 2022Filed 16 Jul	Sep 2022Filed 17 Oct	Dec 2022Filed 6 Jan	Mar 2023Filed 7 Apr	Jun 2023Filed 13 Jul	Sep 2023Filed 11 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 8 Apr	Jun 2024Filed 20 Jul	Sep 2024Filed 19 Oct	Dec 2024Filed 21 Jan	Mar 2025Filed 18 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 21 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 20 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 21 Oct
INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STRATEGYForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.06%	4.04%	4.54%	4.78%	–	5.10%	5.25%	5.25%	5.25%	5.25%	5.17%	5.03%	5.03%	4.67%
TATA INDIAN OPPORTUNITIES FUNDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%
3P INDIA EQUITY FUND 1Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	1.04%	1.15%
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUNDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.00%	1.03%	–	–
VANGUARD EMERGING MARKETS STOCK INDEX FUND, A SERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUNDSForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	–	–
INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STRForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.78%	–	–	–	–	–	–	–	–	–
Orissa Re Rollers Private LimitedCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	1.03%	1.10%	1.10%	1.14%	1.12%	1.12%	1.12%	1.10%	1.10%	1.02%	1.02%	1.02%	–	–	–	–	–	–	–	–	–	–
AJAY UPADHYAYAResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.23%	1.23%	1.23%	1.24%	1.24%	1.20%	1.15%	1.15%	–	–	–	–	–	–	–	–	–	–	–
AQUARIUS INDIA OPPORTUNITIES FUNDForeign portfolio investors, category I	–	–	–	2.82%	2.82%	2.82%	2.82%	1.32%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.60%	2.54%	1.50%	–	–	–	–	–	–	–	–	–	–	–	–	–
BHANSALI FINCOM PVT LTDCompanies	–	–	–	–	–	–	–	–	–	–	–	–	–	1.20%	1.20%	1.26%	1.26%	1.26%	1.26%	1.26%	1.22%	1.12%	1.02%	1.04%	1.17%	1.11%	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–
THE INDIAMAN FUND (MAURITIUS) LIMITEDForeign portfolio investors, category I	2.05%	2.05%	2.05%	2.05%	2.05%	2.05%	2.05%	2.12%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	2.25%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
DEEPA BAGLA FINANCIAL CONSULTANTS PRIVATE LIMITEDCompanies	–	–	–	–	–	–	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.26%	1.26%	1.39%	1.39%	1.07%	1.07%	–	–	–	1.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Elara India Opportunities Fund LimitedInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.64%	1.50%	1.50%	1.50%	1.50%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
AJAY SHIVNARAIN UPADHYAYAResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.23%	1.23%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Orrisa Re Rollers Private LimitedOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.07%	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Antara India Evergreen Fund LtdInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	1.46%	1.46%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Bridge India FundInstitutions Foreign Portfolio Investor	2.90%	2.90%	2.90%	2.90%	2.90%	2.90%	2.90%	2.90%	2.90%	2.90%	2.90%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
JMS MINING SERVICES PRIVATE LIMITEDOther non-institutions	1.16%	1.49%	1.49%	1.49%	1.49%	1.49%	1.49%	1.74%	1.62%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Monet Securities Private LtdOther non-institutions	–	–	–	–	–	1.00%	1.00%	1.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
MITESH N MEHTAResident individuals, over ₹2 lakh at face value	2.13%	3.50%	3.38%	4.32%	4.27%	3.87%	3.87%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Life Insurance Corportation of IndiaInsurance companies	–	–	–	–	–	–	1.42%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
General Insurance Corporation of IndiaInsurance companies	1.29%	1.29%	1.29%	1.29%	1.29%	–	1.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIFE INSUREANCE CORPORATION OF INDIAInsurance companies	1.42%	1.42%	1.42%	1.42%	1.42%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Resonance Opportunities FundInstitutions Foreign Portfolio Investor	2.08%	–	1.26%	1.10%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
AKASH BHANSHALIResident individuals, over ₹2 lakh at face value	1.54%	1.54%	1.54%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
VALLABH ROOPCHAND BHANSHALIResident individuals, over ₹2 lakh at face value	1.05%	1.05%	1.05%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.